Crestline Investors gives thumbs-up to 365 Data Centers’ ‘buy-and-build strategy’


Company’s acquisition of at the end of September seems to have gone down well with investors.

Credit-focused institutional alternative asset manager Crestline Investors has announced its support of 365 Data Centers, a provider of data centre solutions for carrier, content, and cloud customers in eight markets, with its add-on acquisition of Broadband One LLC, d/b/a, a data centre services provider in two southeast Florida markets.

The financing was provided through Crestline Specialty Lending, a part of the investment group of Crestline. was sold to 365 at the end of September 2017 by Novacap, one of Canada’s main private equity firms.

The Bank Street Group served as 365’s financing advisor and Greenberg Traurig as its legal counsel for this transaction.

Bob DeSantis, Chief Executive Officer of 365 Data Centers, said: “This follow-on acquisition, within just six months of purchasing the 365 Data Centers platform, provides significant financial scale for 365 and accelerates our strategy of broadening the company’s customer and services base with more than 500 enterprise customers and a portfolio of scalable, retail and wholesale Network, IP blend, remote Disaster Recovery as a Service, virtual Cloud compute and storage, and Business Continuity product offerings.

“We appreciate Crestline’s continued support of our buy-and-build strategy. Their knowledge of the data centre market and underwriting flexibility have made them a great lending partner to 365.”

Will Palmer, Managing Director of Crestline, said: “We continue to be impressed by Bob and the team at 365 and look forward to continuing participation in the growth of the Company.”